North Carolina Commercial Insurance – What You Need To Know About Commercial Insurance

The Carolinas are normally a peaceful and serene place to live with beautiful scenery and easy access to the Atlantic Ocean with striking beaches.  However, there is a price to pay from time to time with being so close to the ocean and that unfortunate price is the possibility of hurricanes and tropical storms.  If you own a business in the Carolinas, having commercial insurance can be the difference between long-term business ownership and total bankruptcy due to hurricane landfall.  Griffin Insurance Agency in Mooresville, NC offers commercial insurance and can consult with you on your insurance needs.

Commercial Insurance

Protecting your business and the property that it sits upon should be part of your overall game plan in monthly business expenditures.  You should think about the possibilities that exist that can wreak havoc on your business should these events happen.  Aside from tropical storms and hurricanes, you should also think about winter weather such as snow and ice.  Although the Carolinas are not known for blizzards and heavy snowfall, Snow and ice are not totally uncommon in parts of the Carolinas in winter.  

Should someone slip and fall on your property due to snow and ice that haven’t been removed in a reasonable time, your business could be liable for personal injury and damages.  The business could be wiped out due to medical bills and lawsuits for damages if the business lacked a commercial insurance policy.  Due to these possibilities that exist, it’s always a smart idea to have protections built-in with a commercial insurance policy.

More Information

You can learn more about commercial insurance by contacting Griffin Insurance Agency in Mooresville, NC today!

Mooresville, NC residents: does your home have the protection you need?

The team at Griffin Insurance Agency is here to help homeowners in the Moorseville, NC community protect their residents. The appropriate policy can help you and your family weather any storm. Our team can help you determine if your current policy provides the protection you need. And, if you are getting ready to purchase your first home, we can help with that too!

Why it’s important to review your homeowner’s policy

Your house is likely your largest investment, and it’s important to protect it. It is also the place that you call home, creating a sanctuary for you and your family. Because of this, it is important to make sure that your policy contains the type and amount of coverage that is suitable for your needs.

As your home’s value changes, your insurance policy should keep pace. The policy that was right when you first bought your home may now be insufficient. This is also the case if you have made any updates or improvements, or added additional structures to your property. It is for these reasons and more that we recommend our clients review their policies on a regular basis. 

There are also many features and benefits that you may now want to include in your coverage. For example, you may want to add coverage in case your home becomes uninhabitable to ensure you have somewhere to go. 

Mooresville, NC area residents rely on Griffin Insurance Agency!

We believe that our job is to provide our clients with the insurance they need to protect their homes and lifestyles. It is a job that we take very seriously. If you need to review your insurance policies, or it is time for your first homeowner’s policy, give us a call today.

North Carolina’s Auto Insurance Requirements

Each state has specific requirements for auto insurance, and North Carolina is no different. When you understand your state’s insurance requirements, you make wise decisions about your vehicle and any situations your vehicle could get into.

Do you live in Mooresville, NC? Griffin Insurance Agency can help you understand your state’s auto insurance requirements.

Liability Insurance

In order to drive legally in North Carolina, you must have liability insurance through a licensed in-state company. Liability coverage covers damage and injury that you or your vehicle may cause to others. You must have coverage for both bodily injury and property damage. In your state, the minimum requirements include $30,000 for bodily injury (per person) and $25,000 for property damage.

Remember: these policies only cover other people. In order to cover your own vehicle, you may consider an optional comprehensive or collision insurance policy.

Uninsured & Underinsured Motorist Coverage

The law also requires coverage for instances in which you come into contact with uninsured or underinsured motorists. These are drivers who may not have the necessary coverage, and this coverage helps you avoid covering the costs of medical bills and auto repairs on your own.

What Happens If You Don’t Meet Minimum Requirements?

If you do not meet the minimum requirements for auto insurance, your license plate may be revoked. You may also be subject to fees and civil penalties. If you are not sure if your policy meets the minimum requirements for your state, an insurance agent can help you.

Get the Auto Insurance You Need

No matter where you live, you need to have adequate insurance coverage for your vehicle. Griffin Insurance Agency, which serves Mooresville, NC, can help you find the right policy for your vehicle.

Why Every Business Needs Commercial Insurance

It’s a dream come true for every entrepreneur when their business is up and running. But the truth is businesses operate in a risky environment that every business owner should be aware of. Fortunately, one sure way of mitigating most of these risks is by having commercial insurance in place. 

We are aware that sometimes it’s normal to question the value of an intangible product like insurance. But insurance matters. Griffin Insurance Agency has prepared reasons why every business needs business insurance, regardless of size or nature.

Less uncertainty 

It’s practically impossible to plan for any liability or property losses and have adequate preparation. Worse still, huge losses like property fire could cost you thousands of dollars to restore your valuable assets. However, when you have commercial insurance, it carries that risk for you and lets you focus on other vital issues.

Employee protection

Your employees are the most valuable assets. If a company has excellent business objectives and plans but lacks the right skilled employees, such a company is deemed to fail. Commercial insurance protects your workforce, increasing the productivity and performance of the business.

Attracts potential investors 

Businesses with commercial insurance have a higher competitive advantage. Most investors like associating themselves with an insured business that could guarantee their investment in case of anything, and commercial insurance offers precisely that.

Compliance with the law

Some states require that businesses purchase certain types of business insurance coverages. For instance, North Carolina requires businesses to buy commercial auto insurance and workers comp insurance. Failure to have these coverages could attract penalties and legal sanctions that could affect your business.

Commercial insurance in Mooresville, NC

Commercial insurance offers a host of benefits. You also need to understand what protection your business requires to avoid potential cracks where risk could emerge and find you unprotected. We at Griffin Insurance Agency have a personalized approach that helps you understand what protection your business requires, no matter the size or nature of the industry. Contact us today for an affordable quote.

Making your home a safer place

Everyone should be thinking about ways to make their home a safer place. Safety encompasses a lot of different things. It can be to make your home safe from dangers from the outside, but it also might be about dangers that exist within the home. Both are causes for concern. At Griffin Insurance Agency in Mooresville, NC, we make sure your home insurance gives you the protection you need to feel safe in your own home. 

Change the batteries

Your smoke detector and carbon monoxide detectors are both lifesavers and make your home a safer place. They can only do that if they are operational. Many people change the batteries when the time changes in the fall and spring and that makes good sense. 

Clean up the clutter

Clutter is not only unsightly; it is also dangerous especially if you pile things on the stairs and hallways in your home. It is a trip hazard. Make sure walkways are cleared both inside and outside your home. 

Use your locks

If you ever open your windows, make sure that they are not opened enough to allow access to your home. When you close them, lock the windows and make sure if you have a slider, it is also locked with a bar that fits in the lower track. 

Keep tall shrubs away from your home

If you have plants close to your home, make sure they are kept trimmed low so that no one is able to get close to your home and not be visible from the street and inside. 

Don’t announce your plans to be away on social media

Way too much sharing happens on social media. Don’t tell your friends and through them their friends when you are planning to be away from home. You never know who can see your posts. 

Contact Griffin Insurance Agency in Mooresville, NC for all your home insurance needs. 

Types of Commercial Insurance Coverage

After building a reputable and sustainable business, the next step should be protecting it and increasing its productivity. By buying a policy under commercial insurance coverage, you will have the right umbrella that protects the business against different risk factors. You should, however, understand the types of commercial insurance coverage to consider. At Griffin Insurance Agency in Mooresville, NC, we have highlighted and explained the types of commercial insurance below.

Property Insurance

As a business owner, you want your building and its content protected from any form of risk factors. While it can prove hectic when you lack a financial plan, you get the right protection with property insurance coverage. With this type of commercial insurance, there is protection for every asset in the business against damage caused by fire, natural disaster, or theft.

Workers’ Compensation Coverage

When you have employees in your business, you should consider their safety and welfare as well. When your employees get injured in your company, handling the situation can prove costly when you lack a plan. However, with workers’ compensation insurance, you get coverage that allows you to handle and provide the care your employees need.

Commercial Auto Insurance

Running a business in Mooresville, NC also means handling the expenses that come with the automobiles available in the company. You must protect your equipment, motor vehicles included. Through commercial auto insurance, minimize the related risks and expenses that come with using automobiles.

Employment Practices Liability Insurance

Any company can face employment claims just like in other aspects of the business. As long as you have employees and work with people, your business needs employment practices liability insurance. Through this type of commercial insurance coverage, you safeguard the business against employee lawsuits and claims.

General Liability

With general liability, you protect the business against any external risk factor. This includes incidents with your customers or other competing businesses that can affect the reputation of the business.

As a business owner, call us at Griffin Insurance Agency today for a positive start with commercial insurance coverage.

Do All Homeowners Require Home Insurance?

Before building or purchasing your first home in Mooresville, NC, you may want to know whether you are required to buy home insurance. Well, home insurance isn’t required by any law, but you will be grateful you had it when perils like theft, fire, vandalism, and natural calamities strike. 

If you are wondering whether you need home insurance, keep scrolling as Griffin Insurance Agency explains why home insurance is a must-have investment. 

It may be required

While home insurance isn’t mandated by any state or federal law, your mortgage lender may require you to purchase at least the basic home insurance coverage. Think of your lender as a part-owner of your home. And just like you, they would want to protect their investment when the unthinkable strikes. 

Home insurance protects your dwelling

It has taken you years to put up your home. As such, it makes sense to protect your hard-earned investment with proper home insurance. A home insurance plan covers repairs and even rebuilding in case of a total loss. 

To protect your belongings

Home insurance protects not only your building structure but also the contents inside. Since perils like theft, fire, vandalism, and other risks may cause damage or loss to the stuff you have spent years collecting, home insurance comes in handy by replacing your valuables whenever covered perils strike. 

Liability protection

While we always do our best to prevent accidents, they can still happen right within your premises. A visitor could slip and injure their leg. Your dog could bite a person. Perhaps, you could reverse your car into your neighbor’s wall. 

Unfortunately, when accidents happen, you are faced with bodily injury, property damage, and possible lawsuits. Thankfully, if you have home insurance, you don’t have to worry much about third-party costs. 

Buy home insurance in Mooresville, NC today!

Are you ready to get started with home insurance? Please contact Griffin Insurance Agency for an affordable quote. 

Do I need auto insurance in Mooresville?

The Mooresville, NC area continues to be a great place for people to live. When you are in this area of North Carolina, you are going to have access to a lot of fun recreational amenities as well as a good job market. If you are going to move to this area of the state, you will want to ensure that you have a way to get around town. To do this, most people will invest in a vehicle. Along with any vehicle, you need to get auto insurance which is a necessity for a few reasons.

Coverage Required for State Law Compliance

An important reason that anyone should get an auto insurance plan here is that it is required for state law compliance. Drivers in North Carolina will always need to have liability insurance for their vehicles. This coverage is important as it ensures you can cover damages that you may cause in an accident. 

Coverage is Required by Lenders

As a vehicle can be a major purchase, many buyers will end up taking out a loan to finance the purchase of it. If you took out an auto loan, you will need to meet your lender’s standards in terms of auto insurance. Any lender will want to know that their collateral is protected. Due to this, they are likely to require you to carry collision and comprehensive insurance protection. 

A car owner in Mooresville, NC will need to have auto insurance at all times. To ensure that you choose a quality policy, calling Griffin Insurance Agency can be a great idea. The team with Griffin Insurance Agency understands the value that this coverage provides. They can offer the support you need to understand all of your options and build an appropriate auto insurance plan. 

What Does Commercial Insurance Cover?

You have worked hard to build your business so you want to protect it as much as you can. One way to do that is through commercial insurance in the agents at the Griffin Insurance Agency in Mooresville, NC can help you to obtain a policy that works for your business needs.

North Carolina Commercial Insurance Requirements

In the state of North Carolina, if your business employs three or more part-time or full-time employees, you must have workers’ compensation insurance in place to cover them. This type of coverage is put in place to help pay the medical costs and time off of work for your employees if they are injured on the job.

Also in North Carolina, you must have commercial auto liability insurance on all business-owned vehicles, and you should have the same coverage on personal vehicles that are used for business purposes. These state laws are required for all drivers in North Carolina.

Business Owner’s Insurance and General Liability

Your business owner’s insurance policy will cover any injuries that may happen to a customer while visiting your business or because of an incident that occurred while your business is conducting a service for your business. It will also cover customer property that is damaged by your business and any damages your business sustains from vandalism, theft, a natural disaster, or a fire.

General liability will also cover customer injuries, customer property damage, and business property damage along with libel or slander lawsuits.

Other Coverage Options

You can also obtain professional and cyber liability insurance to help protect your business even further. Professional liability insurance covers any mistakes and oversights that have been with your business along with negligence lawsuits, and late or incomplete work by your business. Cyber insurance covers any data breaches, notification expenses for communicating with your clients if there is a security breach and fraud monitoring costs.

Contact Us

To get your commercial insurance policy started or for a quote, contact the agents at the Griffin Insurance Agency in Mooresville, NC today!

What does a standard home insurance policy cover?

Your home in Mooresville, NC is a treasure and sanctuary. You need a home insurance policy that matches how you feel about your dwelling place. The agents at Griffin Insurance Agency can help you craft an indemnity plan that best suits your family’s needs.

Why do you need home insurance?

There is no state law requiring homeowners in Mooresville, NC to obtain an indemnity plan for their property. You should, however, consider purchasing home insurance for a number of reasons. 

First, the tenants of your mortgage agreement may require you to have home insurance that covers at least the structure. Some lenders attach an indemnity plan that protects their investment when the borrower fails to maintain a home insurance plan. 

The problem with a lender charging you for a home indemnity policy of their choosing is that such a plan protects them while leaving your family in the cold. You can forge about a good home insurance plan that pays if your personal possessions are damaged when the lender chooses the plan. Such is a reason for you to be proactive in your approach to a home indemnity plan. 

Another reason to buy home insurance is because of natural disasters. The best plans pay for damages to your home when inclement weather or a firestorm ravage your dwelling place. 

What does a standard home insurance plan cover?

A standard home insurance policy does not pay for natural disasters. A good plan does, however, cover your structure along with personal possessions inside of the home. 

The agents at Griffin Insurance Agency can help you understand the benefits of a good home insurance plan. Call them today to get started with a quote for coverage!